Preliminary annual results: Quadrupled turnover at LION Smart GmbH AG

LION Smart GmbH, a subsidiary of LION E-Mobility AG managed to increase its turnover by 296% in the fiscal year 2015.

In 2015 LION Smart GmbH was able to further consolidate its position in the field of battery prototyping and managed to form strategic partnerships in the electro-mobility sector. In the course of this, the product family Battery-Management-Systems has been further developed and successfully positioned in the market. In addition to an extension of the machinery pool for the production of high-performance battery systems, the company moved to new state of the art premises while the workforce was further increased by five employees.

With significantly increased turnovers of 2.079 TEUR (prior year: 524 TEUR), LION Smart was able to conclude the fiscal year 2015 with an operating result of 461 TEUR (prior year: 49 TEUR), thus meeting its targeted numbers. Thereby company profits increased to 457.3 TEUR from -4.7 TEUR in the previous year. The operating profit rose by 838% from 49.1 TEUR to 461.5 TEUR.

Considering the current company development and the market situation, at present LION Smarts management expects a further doubling of its turnover in 2016.

Disclaimer
This presentation contains forward-looking statements that involve a number of risks and uncertainties, including statements that relate to, among other things, the Company’s objectives, goals, strategies, intentions, plans, beliefs, expectations and estimates, and can generally be identified by the use of words such as “may”, “will”, “could”, “should”, “would”, “likely”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “plan”, “objective” and “continue” (or the negative thereof) and words and expressions of similar import. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, such statements involve risks and uncertainties, and undue reliance should not be placed on such statements. Certain material factors or assumptions are applied in making forward-looking statements, and actual results may differ materially from those expressed or implied in such statements.
Important factors that could cause actual results to differ materially from expectations include but are not limited to: general business and economic conditions (including but not limited to currency rates and creditworthiness of customers); Company liquidity and capital resources, including the availability of additional capital resources to fund its activities; level of competition; changes in laws and regulations; legal and regulatory proceedings; the ability to adapt products and services to the changing market; the ability to attract and retain key executives; and the ability to execute strategic plans. The Company does not undertake any obligation to update publicly or to revise any of the forward-looking statements contained in this presentation, whether as a result of new information, future events or otherwise, except as required by law.